Osotspa Public Company Limited Q2’19 and 1H’19 Management Discussion & Analysis 14 August 2019 Q2’19 and 1H’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q2’19 Net profit* was

. Costs and expenses for the year 2017 increased by 31% compared to the same period of 2016. The main reasons were:  Cost of goods sold and services decreased 15% in line with the decreased in revenues

management believes that the reduce cost to net realisable value is adequate in the current circumstances. Source of fund Unit: Million Baht 30 June 2017 31 December 2016 Increase (decrease) % Variance Current

movements of inventories and the prevailing economic condition. The management believes that the reduce cost to net realisable value is adequate in the current circumstances. Source of fund Unit: Million Baht

price or cost directly related to events occurring after the end of the period and movements of inventories and the prevailing economic condition. The management believes that the reduce cost to net

prevailing economic condition. Management believed that the reduce cost to net realisable value is adequate in the current circumstances. Source of fund Unit: Million Baht 30 June 2018 31 December 2017

occurring after the end of the period and movements of inventories and the prevailing economic condition. Management believed that the reduce cost to net realisable value is adequate in the current

No. MVP055/2020 August 13, 2020 Subject: Management Discussion and Analysis for the three – month and six- month periods ended 30 June 2020 To: President and Manager The Stock Exchange of Thailand M

No. MVP067/2020 November 16, 2020 Subject: Management Discussion and Analysis for the three – month and nine – month periods ended September 30, 2020 To: President and Manager The Stock Exchange of

Microsoft Word - MD&A Y2017 _E_ Final Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Year Ended 31 December, 2017 Management Discussion and Analysis For the